ING 2 billion-Euro IPO to test buyer appetite as prices fall
May 29, 2014 by Maud van Gaal and Ruth David
(Bloomberg) — ING Groep NV will try to execute Europe’s biggest initial public offering this year even as investor demand declines and competing share sales increase.
The largest Dutch financial-services company is seeking to value its European insurance unit NN Group NV at as much as 8 billion euros ($11 billion) in a transaction that may raise as much as 2 billion euros, according to three people with knowledge of the matter. The IPO may be announced as early as next week, said the people, who asked not to be named as the details aren’t public. Click here to read…